Fuel Network Price Prediction: FUEL Plummets 25% As 1 Billion Token Airdrop Begins, While Traders Rush To Buy This $23M ICO With Only Hours Left

The
Fuel
Network
price
has
plummeted
25%
in
the
last
24
hours
to
trade
at
$0.05266
as
of
7:10
a.m.
EST
on
a
415%
pump
in
trading
volume
to
$38
million.

This
price
drop
comes
despite
Fuel’s
announcement
of
a
token
airdrop
starting
Dec.
19
in
which
10%
of
the
total
supply
will
be
distributed
to
over
200,000
wallets.

The
allocation
includes
28%
for
phase-1
pre-depositors,
20%
for
Fuel
bridge
users,
and
12.5%
for
NFT
collectors,
with
claims
open
for
one
month.

FUEL
NETWORK
LAUNCHES
NATIVE
TOKEN,
OPENS
AIRDROP
CLAIM,
STAKING,
AND
DELEGATION
FOR
USERS

–

@Fuel_network,
the
high-performance
Ethereum
L2,
has
made
a
significant
move
in
its
development
after
launching
its
native

$FUEL
token
to
the
public
today.

–
The
protocol
also…

https://t.co/4m8P3h0u9S

pic.twitter.com/AgGr5egm3Y

—
BSCN
(@BSCNews)

December
19,
2024

Fuel
is
facing
bearish
sentiment
due
to
scam
allegations
involving
discounted
sales,
and
reliance
on
escrow-only
transactions
that
highlight
trust
issues.

Additionally,
skepticism
about
its
competitiveness
compared
to
stronger
projects
like
Ethereum
and
Solana,
combined
with
unfavorable
market
conditions,
has
further
dampened
investor
confidence,
leading
to
concerns
about
its
future
viability.

Fuel
Network
Price
May
See
An
Uptrend

The
FUEL/USD
chart
on
the
5-minute
timeframe
indicates
a
sharp
upward
price
movement,
followed
by
a
sharp
pullback.
FUEL
is
currently

trading
at
$0.05722,
reflecting
a
3.54%
decline
from
its
recent
high.

The
price
action
suggests
that
the
token
experienced
a
parabolic
curve
pattern,
often
signaling
aggressive
buying
interest
that
can
lead
to
temporary
overextensions.

The
support
level
is
established
near
$0.045,
where
the
price
consolidated
before
breaking
out.
This
level
is
crucial
as
it
marks
the
base
of
the
parabolic
movement
and
could
serve
as
a
strong
area
of
buying
interest
if
the
price
retraces
further.

FUELUSD
Analysis
Source:
Dextools.io

The
RSI
(14)
stands
at
65.15,
indicating
bullish
momentum
but
showing
signs
of
potential
overbought
conditions.
A
move
below
70
on
the
RSI
suggests
that
the
immediate
buying
pressure
might
be
easing,
aligning
with
the
recent
price
pullback.

The
MACD
appears
to
reflect
bullish
momentum,
with
the
signal
line
and
MACD
line
above
the
zero
level.
However,
the
gap
between
these
lines
seems
to
be
narrowing,
hinting
at
weakening
momentum.

The
Fuel
Network
price
is
trading
near
the
50-MA,
which
could
act
as
dynamic
support
in
the
short
term.
If
the
price
holds
above
the
$0.055
level,
a
retest
of
the
recent
high
around
$0.0606
is
possible.
Conversely,
a
break
below
$0.055
could
lead
to
further
downside,
potentially
testing
the
$0.045
support
zone.

Crypto
All-Stars
Heads
For
$24
Million
–
Only
8
Hours
Left!

As
the
Fuel
network
price
dumps,

investors
are
rushing
to
buy

Crypto
All-Stars
(STARS),
a
meme
coin
staking
project
that
has
amassed
over
$23.6
million
in
presale,
making
it
one
of
the
most
successful
launches
of
the
year.

Its
momentum
has
caught
the
attention
of
ClayBro,
a
prominent
YouTuber
with
over
134K
subscribers,
who
says
that
STARS
could
potentially
achieve
a
10X
increase
in
value
once
it
launches.

Crypto
All-Stars
developed
its
MemeVault
staking
platform
to
enable
users
to
stake
multiple
top-tier
meme
coins
in
once
place
for
the
first
time.

After
launch,
it
will
be
possible
to
stake
11
top
meme
coins,
including

DOGE,
SHIB,
PEPE
FLOKI,
BRETT,
and
MOG,
and
earn
rewards
in
STARS.
There
also
are
plans
to
add
more
meme
coins
going
forward.

STARS
itself
can
be
staked
already
for
an
impressive
148%
annual
yield.

The
All-Stars
ride
to
their
launch
in
style
????
Want
to
ride
along?

Get
your

$STARS
before
it’s
too
late:

https://t.co/8IZTKBdAp2

pic.twitter.com/9iOZEbkRIx

—
Crypto
All-Stars
(@all_stars_coin)

December
15,
2024

Investors
can
buy
the
STARS
token
at
$0.0016782
using
ETH,
USDT,
BNB,
several
meme
coins,
and
bank
cards.

The
presale
will
conclude
in
less
than
8
hours,
and
its
launch
is
scheduled
for
early
next
week.

Visit
STARS
here.

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